Our executives are at the forefront of our ethical and compliance efforts. Our senior management sets the standard for the rest of our employees to follow. Every member of the leadership team takes part in and supports the compliance program, which is built into the company’s day-to-day operations. A worldwide compliance team situated in Kazakhstan is responsible for managing compliance risk. Our entire workforce is accountable for ensuring that all laws, regulations, and industry standards are followed. We are all responsible for carrying out our business in a way that meets our commitments and improves compliance throughout the organization.

The compliance programme

The compliance programme is a crucial component of LLP Expressoil’s commitment to the highest standards of corporate responsibility and ethical business practices. It is designed to reflect LLP Expressoil’s high ethical standards, the complex and multidimensional nature of its operations, and adherence to relevant laws, regulations, and international standards. To meet evolving compliance requirements, the compliance program, policies, processes, and controls are regularly reviewed and enhanced.

The global compliance team comprises of 20 experienced professionals that specialize in regulatory and corporate compliance. In addition to these specialized compliance professionals, LLP Expressoil has developed a program to train 37 ‘compliance champions’ in local offices and LLP Expressoil-owned firms that do not yet have a local compliance team. The compliance champions program aims to make compliance more accessible to all of our employees while also providing feedback on compliance suggestions and issues faced by local offices. Furthermore, compliance works with and draws on resources from other risk functions to establish an integrated approach to implementing the compliance program.

The corporation stresses people policy because it encourages effective staff development, management, and the formation of a cohesive group of professionals who share corporate goals. Thirty-one of the 200 employees at First International LLP Expressoil are young. Each new hire at the facility holds a higher-level professional degree. The average age of refinery personnel is 35.

The ability of LLP Expressoil workers to respond swiftly to changing market demands in order to achieve the organization’s strategic goals and objectives has a significant impact on the activity’s effectiveness. As a result, one of the primary objectives of LLP Expressoil’s personnel policy is to hire additional employees. To achieve the best balance of staff renewal and retention, LLP Expressoil created competitive personnel selection methods. These laws establish a framework for employing, selecting, and adjusting staff in accordance with the refinery’s needs.

To be considered for admission, applicants must pass three selection phases: testing, a structural unit interview, and a panel interview with the refinery competition committee. The “Electronic Recruiting” information technology streamlines the hiring process while keeping resumes visible at all levels. LLP Expressoil developed an adaptation program to assist workers in understanding the system of professional knowledge and abilities, embracing established relationship standards, and accelerating the process of joining the labor collective. Senior staff members’ internships, training, and certifications have been expedited, and they have been placed on a personnel reserve.

The organization’s staff development program comprises training, retraining, and advanced training for employees. The training center takes an active role in the training process, and all of the plant’s workshops and complexes include classrooms for theoretical education, making the environment perfect for conducting staff development programs. It also offers cutting-edge instructional materials, computer and multimedia training facilities, and unique technical process tools.

The refinery recognizes that the next generation of workers, who will succeed the veterans, will determine not only the refinery’s bright future but also the survival of human and industrial traditions. As a result, much thought is given to replacing the company’s current employees with young professionals who are capable of quickly learning new information and technologies and have recently graduated from colleges and universities. Young specialists account for more than 30% of all new hiring. During the hiring process, a mentor is selected from among the highly trained plant workers to provide specific teaching to each junior specialist. The Oil Refiners Initiation is an annual event that introduces potential experts to the organization’s corporate culture.

There is a Council for Youth Affairs within the company. Young specialists are actively involved in the plant’s professional, linguistic, intellectual, and social events, as well as the Peschanskaya boarding school’s professional, sports, and patronage activities. Strong relationships have been formed with the leading colleges in the Republic of Kazakhstan and Kazakhstan. Every year, the facility trains approximately 100 students from various educational institutions in “Technology of Oil and Gas Processing,” “Chemical Technology of Organic Substances,” and “Technological Machines and Equipment”. Important plant specialists sit on state commissions to defend graduation projects presented by graduates from the best local schools and institutes.

LLP Expressoil intends to increase its position as an international energy leader by expanding its customer base, ensuring energy security and sustainable development, improving operational performance, and developing scientific and technological knowledge. LLP Expressoil is unique in that it both produces and distributes energy, given to its vast resources and significant gas transportation infrastructure. Because to Kazashataan’s geographical location, the company may generate its own natural gas while also offering gas transit services to other producers, thereby acting as an energy “bridge” between the European and Asian markets. This section describes the fundamental components of the strategy in the Company’s key business segments.

LLP Expressoil’s trading activities are now mostly based on LNG from the Sakhalin II project. LNG is obtained from third parties via long-term agreements, short-term contracts, and spot trading. Between 2019 and 2020, LLP Expressoil Marketing & Trading provided roughly 5 million tons of LNG to markets in five countries. LLP Expressoil is also establishing its own LNG plant in Kazakhstan to boost its market position. In May 2021, LLP Expressoil began developing a difficult project to process ethane-containing gas and manufacture LNG. The plan aims for the construction of facilities that can process 5 million cubic meters.

By the end of 2019, LLP Expressoil’s board of directors had approved a new long-term corporate development strategy that would last until 2030. According to the terms of the agreement, LLP Expressoil will set a benchmark for other global firms in terms of efficacy, manufacturing viability, and security. Over the course of more than three years of development, LLP Expressoil has achieved exceptional success and established itself as a prominent player in the worldwide oil and gas business. One of the Strategy’s objectives is to produce two million oil equivalent tonnes by 2025, which the business believes is achievable.

Improvements to oil refining facilities, a potential 80% increase in light oil product production and a 95% increase in refining depth indicators, the simultaneous provision of proven reserves at a ten-year level, and the 100% annual reimbursement of those reserves The firm is facing new challenges as a result of the extreme volatility in the energy markets and the agility of its competitors. Expanding on the organization’s 2020 goal, the new strategy focuses on upgrading all core business activities, improving the company’s capacity to respond rapidly to external events, and positioning it for market success. By 2030, LLP Expressoil aspires to have evolved into a new generation of companies and become the global leader in oil refining.

LLP Expressoil aims to remain one of the world’s top ten publicly traded oil and gas companies by increasing output faster than the market and maximizing profit per barrel produced. The corporation will continue to improve value chain management by improving the depth and yield of light petroleum product refining, expanding the petrochemical sector, maintaining market leadership, and increasing its share of both new and existing product sales. By 2030, LLP Expressoil aims to be one of the top five worldwide firms in terms of return on invested capital, having managed its portfolios and assets to generate a 15% return.